Amalgamated Bank reduced its position in AT&T Inc. (NYSE:T - Free Report) by 1.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,425,219 shares of the technology company's stock after selling 23,134 shares during the period. Amalgamated Bank's holdings in AT&T were worth $31,355,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC raised its position in AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock worth $25,000 after purchasing an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares during the period. American Capital Advisory LLC raised its stake in shares of AT&T by 107.5% during the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock valued at $30,000 after acquiring an additional 807 shares during the last quarter. Altshuler Shaham Ltd bought a new position in AT&T in the second quarter worth about $30,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of AT&T by 176.6% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,192 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $22.00 target price on shares of AT&T in a research report on Thursday, October 24th. Citigroup lifted their target price on shares of AT&T from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Finally, Redburn Atlantic upgraded shares of AT&T to a "strong sell" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $23.40.
Check Out Our Latest Stock Report on T
AT&T Trading Up 0.6 %
Shares of NYSE:T traded up $0.14 during trading on Tuesday, reaching $22.06. 26,456,027 shares of the company were exchanged, compared to its average volume of 35,687,977. The firm has a market capitalization of $158.29 billion, a PE ratio of 17.93, a P/E/G ratio of 3.32 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.46 and a 12-month high of $22.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The business's fifty day simple moving average is $21.56 and its 200-day simple moving average is $19.44.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.03%. AT&T's dividend payout ratio (DPR) is presently 90.24%.
AT&T Profile
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Free Report)
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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